SRS Real Estate Partners welcomes Brad Balbo as senior vice president in the Phoenix office. A well-known individual in the Phoenix industry with an established reputation, he specializes in the leasing, valuation, and operations of retail shopping centers and excels in all things restaurant related. He will focus primarily on landlord and tenant representation and…

Mercado del Lago, a mixed use (retail & office) development located west of the Loop 101, at 8300-8320 N Hayden Road, Scottsdale, Arizona has been sold for $8,882,000 million. This ±61,319 SF property in an excellent location in the heart of McCormick Ranch is situated on picturesque Lake Margherite along the Indian Bend Wash Greenbelt…

GPE Commercial Advisors, one of the oldest privately owned commercial real estate firms in Arizona, secured a long term lease of the former Rancho Solano School at 1305 South Gilbert Road in Gilbert, Arizona. The building is approximately 30,000 SF and sits on 9.39 acres. The new campus allows Lauren’s Institute for Education (L.I.F.E.), a…

An era spanning over four decades of property ownership came to an end for three retired school teachers, which so happen to be sisters. The family owned and operated assorted businesses which had been previously used as a gas station and grocery store, operated by the parents, an ice store that was operated by the…

Walker & Dunlop, Inc. (NYSE: WD) (“the Company”) announced today that it was ranked 5th by the Washington Business Journal as part of its annual top “40 Healthiest Employers” for the Washington, DC area. This is Walker & Dunlop’s third year to be named a top Healthiest Employer by the Washington Business Journal. Walker &…

The Arizona economy is poised to accelerate again in 2015, with real GDP expected to grow 2.8 percent,” according to the bi-annual U.S. State Monitor Report from BMO Economics. “Arizona’s growth is ahead of the national average and has improved from 1.4 percent in 2014,” said Robert Kavcic, Senior Economist, BMO Capital Markets. “The ongoing…

Ryley Carlock & Applewhite is pleased to announce that James E. Brophy, III has been elected as the firm’s new Managing Shareholder starting September 1. Jim succeeds long-time leader Rodolfo “Rudy” Parga Jr., who has served as Managing Shareholder since 2007—the second longest tenure for the role in the firm’s 67-year history. “I am honored…

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today it originated 28 loans totaling $464,680,000, secured by a portfolio of 28 independent living properties acquired by New Senior Investment Group, Inc. (the “Sponsor”). Vice Presidents Russell Dey and Laura Beaton led the Walker & Dunlop team that closed the portfolio. The properties are located…